Since the official launch of the digital RMB (pilot version) app on January 4, as of January 24, the number of downloads in less than a month has exceeded 10 million times. The full test of digital RMB has been officially launched, and an upsurge of digital RMB experience has been set off all over the country.
Recently, meituan, jd.com and other scene support organizations have launched new innovative applications of digital RMB, which can buy movie tickets and pay by “pasting” with mobile phones, further enriching the application scenes and payment methods.
Wang Pengbo, a senior analyst in the financial industry of Broadcom analysis, told the reporter of Securities Daily that after the digital RMB entered the full test stage, the number of users will increase rapidly, and the number of users will show a multiple growth in the future. At the same time, more application scenarios and payment methods serving the real economy and people’s life will also appear, and the digital RMB ecology will be further enriched.
frequent new application payment scenarios
On January 21, meituan announced the opening of the digital RMB payment channel for film performance scenes. Residents in pilot areas such as Beijing, Shanghai and Shenzhen can book movie performance tickets on the meituan platform in digital RMB, and enjoy the discount of digital RMB viewing gift bag at the same time. It is understood that this is the first time that digital RMB has been connected to the film performance scene, and it is also another new measure for the pilot of digital RMB to settle in people’s life and stimulate the enthusiasm of all parties in the industry.
The relevant person in charge of meituan told the reporter of Securities Daily that the move aims to combine the digital RMB with the spring festival film market, let more users feel the value of digital RMB, boost the activity of the spring festival film market with the popularity of digital RMB, and help the consumption recovery of the film market.
In addition, jd.com has also explored payment methods. Jd.com app has added a new characteristic payment method. Users can experience one-to-one payment with digital RMB “hardware wallet” in jd.com. Jd.com has also become the first online consumption scenario supporting digital RMB “hardware wallet” in China.
It is understood that when users buy self operated goods in JD app, they only need to select the “card waving payment” function in the “digital RMB payment” in the payment link, and then they can use the mobile phone NFC chip to read the digital RMB “hardware wallet” for payment, which is as time-consuming as the ordinary payment method. At present, this function has been opened to users in some pilot cities and can support most mainstream Android models equipped with NFC function on the market.
Pan Helin, member of the information and communication economy expert committee of the Ministry of industry and information technology and executive director of the Digital Economy Research Institute of Zhongnan University of economics and law, told the Securities Daily that JD uses the “hardware wallet” technology to expand the application scenario of digital RMB, and integrates the digital RMB technology with its own payment scenario to realize scenario binding, which not only expands its own application, It also promotes the integration of digital RMB and scenario. At present, the use scenarios of hardware wallets are mostly offline, and the offline hardware wallets can also complete online payment by means of online application paste one payment. However, while affirming, we also hope to set up more payment guarantee functions. Most of the hard wallets are used by the elderly. More trade-offs need to be made between their convenience and security.
intensive pilot action of digital RMB
Over the past two years, the pilot work of digital RMB has been carried out smoothly and orderly. Zou LAN, director of the financial market department of the people’s Bank of China, revealed at a press conference on financial statistics in 2021 held by the state information office a few days ago, “as of December 31, 2021, there have been more than 8.0851 million digital RMB pilot scenarios, 261 million personal wallets have been opened, and the transaction amount is 87.565 billion yuan.”
At present, the people’s Bank of China has carried out digital RMB pilot projects in Shenzhen, Suzhou, xiong’an, Chengdu, Shanghai, Hainan, Changsha, Xi’an, Qingdao, Dalian and the 2022 Beijing Winter Olympic Games, basically covering the Yangtze River Delta, Pearl River Delta, Beijing Tianjin Hebei, central, western, Northeast, northwest and other different regions.
Since the beginning of this year, the pilot action of digital RMB has become more and more intensive and has entered the “full test” stage. On January 4, after the digital RMB (pilot version) app was put on the shelves, as of January 24, the reporter of Securities Daily found that the download volume of digital RMB (pilot version) app in Huawei application market has soared from “less than 10000 times” on the first day of launch to “more than 9.7 million times”; The download volume of Xiaomi application market has exceeded 4.4 million times. In other words, the number of downloads has exceeded ten million times in less than one month since the digital RMB application was launched.
In addition, it is worth noting that the upcoming Beijing Winter Olympics will be an important test scenario for digital RMB. In the 2022 working meeting held on January 10, the business management department of the people’s Bank of China pointed out that the pilot of digital RMB Winter Olympic Games realized full coverage of seven scenes, carried out three large-scale digital RMB pilot activities, landed 403000 scenes and the transaction amount was 9.6 billion yuan.
Su Xiaorui, a senior analyst at Analysys, said in an interview with the Securities Daily that as the first pilot scenario of the digital RMB project, the Beijing Winter Olympics has experienced many relevant tests and accumulated a lot of early experience; At the same time, a large number of excellent operating and supporting institutions have joined to jointly provide guarantee for the digital RMB related work of the Winter Olympic Games.
China Merchants Securities Co.Ltd(600999) pointed out in the research report that after the promotion of the Beijing Winter Olympic Games, the digital RMB will be further familiar to the market, and its industrial chain enterprises and traditional banking industry will benefit from it. On the one hand, digital RMB hardware equipment manufacturers will benefit from the market opportunities brought by digital RMB Hard Wallet, while software developers will benefit from the business growth brought by the upgrading of banking systems outside China; On the other hand, the cross-border application of digital RMB will benefit the traditional banking business through “spillover effect”, with retail payment, foreign currency exchange and cross-border remittance bearing the brunt.
